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Ethiopia sets sights on building new airport, beyond Addis Ababa expansion project

A major infrastructure project in Ethiopia designed to expand the capacity for handling passengers passing through the capital’s airport is on course for completion in 2018, but moves are already under way to build an additional airport. Bole International Airport, on the edge of Addis Ababa, will be able to triple the number of passengers it handles from the current level of around seven million annually when the expansion project is completed, Ethiopian Airports enterprise…

Net private capital inflows to decrease by 2% in 2015

Posted on by The Editorial Team

The Institute of International Finance (IIF) projected net private capital inflows to emerging markets at $1,064bn in 2015, constituting a decrease of 2.2% from $1,088bn in 2014 and a drop of $94bn from its forecast in October. It attributed the decline to the expected increase of the U.S. Federal Reserve’s policy rate and to the relative slow growth in emerging markets. It said that lower oil prices would stimulate global growth, but it noted that…

DAVOS: Energy high on the agenda of African policy makers

Posted on by The Editorial Team

The world economic forum is creating a working group of African leaders to build political momentum for a sustainable energy transition in Africa. Members of the group –to be known as AFRICAN ENERGY LEADERS GROUP, will come together to share insights and to enhance the overall capacity to build public-private partnerships, leverage political support and mobilize funds for sustainable energy and development initiatives on the continent.The Group noted at the inaugural Press Conference, the importance of…

China to invest in Africa’s mega infrastructure projects

Posted on by The Editorial Team

The African Union and China have recently agreed to on an ambitious transport infrastructure blueprint, aiming to link the capitals of all 54 states of the African continent via motorways, rail and air links. Promoting the development of a mature system of transport infrastructure in Africa will be extremely beneficial to China, guaranteeing it access to natural resources and markets on the continent, Chatham House Asia Program Associate Fellow James Edward Hoare told Sputnik on…

Africa Finance Corporation initiates $900m power project in Ghana

Posted on by The Editorial Team

Africa Finance Corporation (AFC), last week, effected the ground-breaking of the $900 million Kpone Independent Power Project (Kpone IPP) in Ghana, implemented by the Cenpower Generation Company Limited. AFC is the lead project developer, mandated lead arranger and largest equity investor in Kpone IPP, which reached financial close in December 2014. The ceremony was attended by Ghanaian Vice President KwesiAmissah-Arthur, Minister of Power Dr. KwabenaDonkor, and Robert Dwamena, Managing Director of the Electricity Company of…

Boosting Solar Energy Capacity in Africa

Posted on by The Editorial Team

Sub-Saharan Africa is rich in energy resources but its potential remains mostly untapped. Despite the abundance of sunlight, solar projects have been developed slowly and often inefficiently.Weak competition and high transaction costs are some of the obstacles that hamper the progress of the technology.In a continent where most people live without electricity, expanding the supply of energy has become an imperative that cannot be delayed. To meet projected demand, Africa needs to increase its power-generation…

Kenya: Devolution and Infrastructure Boost Growth and Shared Prosperity

Posted on by The Editorial Team

Devolution and increased investment in infrastructure are improving Kenya’s prospects for growth and shared prosperity, says a new World Bank Group report released today.The Kenya Public Expenditure Review (PER) for December 2014, Decision Time: Spend More or Spend Smart, says the country is making progress in the right direction, despite emerging fiscal pressure. It identifies the transformative impact of devolution and increased investment in infrastructure as key factors contributing to broad-based growth.Kenya’s economy has recovered from the…

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